TEWKBSURY TWP. — Tewksbury Township is selling nearly $10 million in bonds, hoping to get a lower interest rate on the debt.

With current interest rates still being low, the Township Committee expects to get a good rate.

The principal of the bonds, totaling $9,998,000, are the consolidation of funding for various projects authorized through 12 different ordinances previously adopted over the last decade. The projects include land acquisitions, purchases of development easements, other improvements and the construction of the first aid squad building.

The debt was funded through short term notes.

Competitive bids for the bonds will be accepted electronically on June 6 until 11 a.m. The bonds will be sold to the bidder offering the lowest interest. The township expects to close on the bonds on June 19.